Essar oil redefines factoring/assigning to save group cos

ANANDH SUNDAR , Last updated: 31 January 2012  
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It is not often that concepts like factoring/assigning/taxation are relevant for investing. But sometimes, one is shocked at the extent of opacity in financial accounts. For some context, the Supreme Court recently held that Essar Oil was not eligible for a sales tax deferment scheme it had avail

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ANANDH SUNDAR
(Bharti Airtel)
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